The Federal Aviation Administration said Tuesday it will require Boeing Co and other aircraft manufacturers to adopt new safety management tools in the wake of two fatal Boeing 737 MAX crashes that killed 346 people.
Layoffs leveled off in April, although furloughs mount as small businesses fight to survive. Overall, headcount among small businesses fell by 4.7% last month, according to payroll provider Gusto.
JPMorgan Chase & Co shareholders voted to reelect all of the bank's board members on Tuesday, including a former Exxon Mobil Corp CEO who drew criticism from environmental groups and New York City's comptroller and pension system leader.
General Motors Co is "almost there" on developing an electric vehicle battery that will last one million miles, a top executive said on Tuesday.
French carmaker Renault has sealed a deal with banks on a 5 billion-euro ($5.47 billion) state-guaranteed loan to help the company to cope with the coronavirus outbreak, two sources close to the matter told Reuters on Tuesday.
Top U.S. airlines and Air Canada on Tuesday reported slower ticket cancellations and signs of improving demand, with Delta Air Lines Inc saying its cash flow was on track to reach break-even by the end of the year.
Facebook Inc is launching Facebook Shops, a service that will allow small businesses to display and sell their products on the social network's platforms, Chief Executive Officer Mark Zuckerberg said on Tuesday.
The new coronavirus relief bill, which has passed the House, would permit retirees to undo last year's required minimum distributions from individual retirement accounts and retirement plans. Thinking of rolling the RMD back in? You'll have to repay taxes withheld, and you may have to file an amended tax return for 2019.
Oil prices pulled back slightly on Tuesday as a U.S. Senate committee grilled Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin about aid packages intended to bolster the economy.
Top U.S. airlines and Air Canada on Tuesday reported slower ticket cancellations and an improvement in bookings on some routes, sending their shares higher, though executives warned that rebuilding demand to pre-pandemic levels would be tough.
The S&P 500 was largely unchanged on Tuesday, after a strong rally in the prior session, as investors sifted through a mixed batch of results from major retailers including Walmart and Home Depot.
American Banker | John Adams | May 18, 2020 The coronavirus recovery is accelerating government involvement in payments, providing Visa a chance to turn a developing currency concept into a route for federal transactions. The U.S. Patent office on Friday published a Visa patent application to create a technology gateway that could allow central bank
U.S. Treasury Secretary Steven Mnuchin on Tuesday defended the Trump administration's fiscal response to the coronavirus pandemic and told senators he was willing to consider extending and modifying a payroll loan program for small businesses.
White House economic adviser Larry Kudlow said on Tuesday that President Donald Trump wants a payroll tax holiday for U.S. workers in the hopes of staunching economic pain caused by the coronavirus pandemic.
Five McDonald's workers in Chicago filed a class action lawsuit against the chain on Tuesday, accusing it of failing to adopt government safety guidance on COVID-19 and endangering employees and their families.